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Home My WebLink About2988 3. ~o place and co~tinuo~nly kee,~ on the bui'd~ngs now o~ hereaftm e~~uate on sa~d land and on all equ~pment and personally cove~ed by lhii mortg- ege, w~~h all prem~vms 1he~eon pa d in full, f~re ~ns~rance ~n the usual standa~d poiicy form, in a sum approYed by !he MORiGAGEE, a~jd w~ndiro~~n ~~surance in the usuai ~randa~d pol:cy Form, ~n a sum approva~ by ~he MQRTGAGEE, in such canpany or compan~es as ~he MORTGAGEE may direth and all fire and w~ndatorm i~~surance poLt~es on any of sa~d bui~d~~gs, any inttres~ therein or part thereof, in the aggr,:gaie sum aforesaid or in excess ther~of, shall conta~n ~he usual standard mortgagae dause or sucA orher dause as the Mortgagee may req~;rs, ma?irg the ioss u~~drr sa.d poli- res, each and every, payab!e ro said MpRiGAGEE as ~ts inierrs~ may appear, and each and every such po~~cy shd~l 6e promptly ess gned a~~d det~.ered ~o any held by said h10RTGAGEE as lunher security to sa~d mortgagr debt, and, not less ~han ten (1C1 days in advance o( the expirat~o~ of each pol~cy, to de- t~ve~ to said MORTGAGEE a ~enewal rhereof, together with a rece~pt for the p~e~nium of such renewal; and there shaN br no f,re o• ~vinds~o•m ins~rance placed on any ot sa~d bu~ld~ngs, any inte~es+ there~n or part rnereaf, un'ess in ~he form and wi~h the toss payable as aforesaid; and i~ the eYent any sum of money becomes payable undcr such policy w pal;cies sa~d A10RiGAGfE sh~N have the opr~on to retrive and appty the sa~~e on accoun~ of the in~lebted• ~~ess sewred hereby or to pcrmit said MORTGAGORS to receive and use it a any part ~he:eof io~ c:ner pur;~osrs, .•,~~i.o~t ~h:~.ur ~.-~~~~7 c~ ~••~p..~:- ing any equ~ty, lie~ o~ r~ght under or by virtue of this mo:tgage; and in the evem sa~d MORTGAGORS sha!1 for any reason (a~l to kaep the aa~d premisas so insured, o~ fai! to drl~re~ p~a~~pily any of sa~d policies of msurance to sa:d MORTGAGEE, or fail promptly to pay fuily any prem~wn theretor or 7n any resped fail to perForm, d~icharge, execure, effett, con,plete, comply wiih and abide by ~his covenant, or any pa~t hereof, said MORTGAGEE may piacr a~•d pay for such insuran<e or any part ihereof w+thout waiving or atfecting any optiw~, lien, equ~ty, or r~gAt under or by virtue of th~s h5ortgage, and the full amount of each and every such paymem shalt be immed~ately d~e and payable and shall bear interest Irom the date thereof until paid at the ~ate o~ mne per tent~m per annum and to~e~har ~ni~h such i:,re:cs~ sh~ii be sawred by Ihe lien of th7s mortgage. ' To permit, commit ot suffer no waste, impairment or deteriorarion of said property or any pa~t thereof, 5. To pay all and singutar the costs, charges and expen:e~, indud~ng a~easona6le attorney's fee and cos~s of abstracts of titte, incurred or paid at any time by sa~d MORTGAG~E, because w in the evem of ~he fa~lure on ~he pa~t of the said MORTGA(',pR to duty, p~omptly and fu~ly pe~form, ducha~9e. execute, effecl, comp~ete, comply w~th and ab:de by each and every the stip~Iat~ons, agreements, conditions, and covenants of sa~d p~o~:issory note a~d ~h~s mortgage any or e~~her, and sa:d costs, charges and expenses, each and every, sfiall be immediately dve and payable; whether o~ not there be nonce da mand, attempt to co+iett or suit pend~ng; and the full amovm of eath a~id e~ery such paymem shall bcar interest from the date thereof until paid ar the r.+te of nine per canc~rn Nr~ a«~wm; and aif said cosrs, charg~s and expanses incurred or paid, tpgether w~th such interest, shall be secured by ihe lien of th~~ mortgage. b. That (a) in the event of any breach of th~s Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein referred to be not promptty and fu(ty pai3 with~n rh:r~y (3a) adys next after the sa,ne severatly betom~ due and payab!e, without demand o~ noilce, or (c) in the event each and every the sripula~ions, agreements, cond~tions and covenants of sa.d promiswry nore and th~s nwrtgage any w either are no1 iuly, promptly and futly performzd, d;scharged. exewted, elfected, compteted, compi~ed r~~ih and abided Sy, fhen in e+ther or any such event the sa.d ag- 3~egafe sum mentiened ~n said promissory note thzn remaining unpaid, with intrre,t accrued, and atl moneya secured hereby, shall become due and pa j- ac'e fo~thwith, or :hereafre., at the opr~on of :a~d MORTGAGEE, as fully and comp!e~e~y as ii alf of the said sums of money were ongina.ly st~pulated ro be pa;d on such d~y, anyrhing in sa:d prom~ssory note or in this Alargage fo fhe ca~trary notwithstanding; and ~hereupon or the~eafter at the opnon of sn,d MORTGAGEE, without ~o~~ce or demand, suit at law or in equ~ty, therefore or thereaife~ begun, may be prosec~ted as if all moneys secured hrreby n,:d mawred pnor lo M institvnon. 7. That in Ihe eve~t that at the beginn~ng of or at any time pending any su~t upon this Mortgage, or to foreclose it, or to reform it, or to en(orce c~yment of any daims hereundrr, said MOrZTGAGEE sha~l apply to the Court havi~~g ~ur~sd:cr~on ther~of for the appo~ntment of a Rece~ver, such Couri shail ~~rfhwirh appoint a/ rece~ver of said morrgaged property all and singu~ar, includmg aii and s~ngular the ir.come, prof~ts, issues and revenues from whatever scorce derived, each and every of wh;ch, it bein9 expressty underatood, is heraby mo.rgaged as if spec~fically set forth a~d described in the graroing and 1,abendum ctauses hereof, ar.d such Receiver shafl have all the e.~d and effecrive f~„u.o~zs and povvers io anywise eMr~sted by a Court to a Rrc~i~er, a~d s_;h appointme~~t shalf be made by such Court as an admitred equity and a marter of absolute r~ght to said AtOR1GAGEE, and without reference to the adequaty or inadeq~aq of the value of the prope.ty mortgaqed or to the so.ver.cy or ,nsoi~ency of said MOR+GAGOR or the defzndar.ts, artd that such r~~rs, profits, income, issues and revenues shall be applied ty such Recriver aaord~~~g to the lien w equity of sa~d MORTGAGEE and rhe pratt~ce of wch Cou~t. 8. To duly, promptfy and fully perform, discharge, execute, ef'ect, compiete, comply w~th and abide by each and eve~y the stipuiat;ons, agr~ments, c~nditions and covenants m sa~d promisswy note and th;s mortgage se` forth. 9_ That in the e.•ent rhe ovfne.ship of ~he mortgaged p~er,~ses, or any pa:t thereof, Eeco~res vested in a person other than the MORTG~1GrJR, fhe '.:~RTGAGEE, its su:cesscrs and ass~~ns, may, wi~hout ncrice ta the A10RTGAOR, deal wnh svch wcresso~ or successor in mterest wiih reierente to th~s o~~gage and the debt hereby secured in the same man~er as wrth 1.".ortgaaor w~fho~t in any way vitlating or dncha~ging the Moregagors' liabil~ty her~ ~~.der or upon the debt he:eby secured. No sa:e of ~he F+emises hereby moifgaged ar.d no forbearance on the part of the /dOR7GAGEE oi its successors er assigns and no exrension of the time for the payment of rhe debt h~re6y sec~red given by the MORTGAGEE or its s~ccessws or ass+9ns, a~~ai! operate ~o re~ease, d~scharge, mod~fy ~hange or affect the oreg,nat lia~~;,ry of ~he h,ORTGAGOR herein, eitner in whofe or in part. 10. It is spec~fical~y ag~eed thar time is of the essence of rh~s conrracT and that no waeve? o! any obligat~on hereunder or of the obligation se- cured hereby sha•.~ at any time th<~eafter be he;d to be a waiver of the terms hereof or oi the insirument secured he~by. 11. in ~ud f!o-~ ro iFe foregC n~ rnon!h'y p3ym~nti ci pr;~c pal and ~nt,resr ~eq~~.ed by the p~om sscry ncre se_~red hereb~, mortg;gor covenants ~ d agrees to pay to mcrTgagee ~n~th each ~ronrh'y payr.~ent an add,rio~al svm es!~:r.ated by mortgagee fo be equal to l;~ 12 of the ai~nual cos! of the follow- 3: A-.1!I real property taxas lev~~d o+ assesseci ~galnsr tne abofe desirib~d real estare. B--P-._^.t,; r~s on f ie a::d .vindstorm ~rsu~a~ce as nere~n req~:red to be ca•r~ed en the ~mprovemeots st~ate on th: above described premises. C-Pre:mu:~ s o~ wch mort~:ge guar~nty ir.s~ra~ ce as mo•tgagee shafi fr~-,- t me to time deem f~t to carry on the loan secured hereby. Mortqagee s<<., ! r.orr, ti•r~r to t;me r.c~,f~ mo.tyagcr in writnty of the a^•ou~t d~e and payable hereundrr and wch suh~ shail there~pon be due and ...abte on the due aate of tfie next n~onth:y paym•~~~t and each svccessive mo~th rhereafte~ uctil mortgagee sha!t notify murtgagor of a cnange in wch ount. Such s~~ms s`•a.( f~e a;:~:.a~•d by mor;gagee toward tFe pa~ment of reat property ta,ces, insurance prem;ums, and mortgage guarant~ insurance r~em~ums. IN 1VITNESS V:HER£OF, rhe sa;d h10RTGAGOR has he~eunto set his ha~:d and seai the day and year first aforesaid. ~ Signed, Sealed and def3v d i~ the presence of: ~ ~Seal) _ ,L~- J Robert L ons _tSeat? ~ : j i ~ ~ ~ ~ • i (r~ (Seal) Ma rv 'L . Lv s tseap ST..TE OF FLORIDA ~ St. Lucie u- ~JUNTY ~F _ ( s Before me personally appeared ~bert Lyons and ; _ Mary L. I.y01~5 his w~fe, to me well known and known to mc ro be ~ the individuals descr;bed in and who exe:uted the foregoing instrument, a~d acknowled~ed before me that they executed the same for the purposes ' !herein expressed. And thA :a~d__ ~aZy L_ .~i.~,ons - .v:fe of the said Robert L.yons , upon a separate and . ate e.am~nat~on by me taken separate and apart from her sa~d husband, acknow{edged to and before me that she executed said instr~ent ,re~lY dn olun- ~~~~~.y and w~rhovl any tom~uls;on, cons}raim, a~prehens~on, or fear of or from her said husband. WIiNESS my hand and official seal ,h~s__ 13th _ da,, of~eT ua ry D. ~191~ 73 / - ~ _ .~,_%,~_/li fr•,~, ~ r , - ~ Notary P~blic in and for the $fatQ oh~ ~.at 1~rge : i My Comm~ssion eapires: _ ~ ' ~ ~ Rerurn To: . - ' " - - - ~ . ^ - First iederal Savings 3 Loa~ Associat:on _ ~ oF «.t P ~ _ . _ . . Fort P;.,rcc, flcr~da ~ • " ~ • . FILFD Adii: AfCSJF.DED This Instrument Pre ared B ;T• ~~~E ~:~UHTY FIA. P Y John W. Collins R0~£i ~~'~~AS C~ First Federal Savings & Loan Assoeiation CIEPR Ci: CU'.', COURT of Fort Pierce~ Florida RE~~~~' r-' ' ~[D ` Checked ey FEQ ~Q Q? Ni ~~3 js 24'7803 aoo~ ~~~J - - - :